One of the greatest benefits for payroll management professionals is the vast array of powerful and comprehensive software tools available to them. Whether cloud-based, or installed software, having the latest and best HR tools can make your payroll management and HR work far more efficient and manageable.
Human Resources professionals and their HR departments are truly the life source for any business. They are the ones who typically find, hire, and pay employees. And their job doesn't end there: HR is usually the "go to" department when management comes up against employee issues and questions.
Topics: HR best practices
Employee classification has become increasingly tricky. Incorrectly classifying employees as independent contractors is a real risk for many employers. An article from Forbes.com last year stated, "This fundamental worker status issue has become one of the most consequential legal determinations around. If you’re in business and guess wrong, the liability for past years can be crushing." In 2013 the IRS Inspector General issued a report saying that employers are still getting it wrong.
Payroll management is a business function that, along with taxes and other HR functions, is often outsourced. However, as a business owner or manager, it is quite common to think of "outsourcing" in terms of an "expense". One of the first questions that come to mind is usually, "What's it going to cost?"
Payroll management has never been a static profession, but is dynamic and evolving. Changes in technology, in available tools and services, and regulation requires payroll professionals to be constantly "up to speed." The approach of each new year, of course, brings this need to the forefront as January 1st looms ahead.
Staying on the Right Track
Payroll management professionals know that they have a vast number of regulations to abide by, deadlines to keep, and a myriad of forms to be completed and maintained. Compliance and diligent attention to detail are hallmarks of your profession.
Topics: payroll management
The results of the November 4, 2014 elections brought a number of legislative changes to Bay Area employers. For San Francisco and Oakland in particular, minimum wage law has been changed for 2015.
Is it Time For a Payroll Management Service?
It is a rare business owner or HR manager that enjoys the work of payroll management. And while it is an essential and vital component of your business operations, at some point the question arises whether it is time to outsource your payroll operations.